2/2 © Reuters. FILE PHOTO: Gilead Sciences Inc pharmaceutical company is seen during the outbreak of the coronavirus disease (COVID-19), in California 2/2 By Paul Sandle and Pamela Barbaglia LONDON (Reuters) – Britain’s AstraZeneca Plc (L:) has approached U.S. rival Gilead Sciences Inc (O:) about a possible merger that wouldRead More →
There may be a thaw in HP Inc.’s takeover standoff with Xerox Holdings Corp. During a call with reporters and analysts ahead of the release of its first-quarter earnings Monday, HP’s HPQ, -2.64% two highest-ranking executives left open the door to a combination with the printing company, but only underRead More →
© Reuters. A smartphones with Sprint logo are seen in front of a screen projection of T-mobile logo, in this picture illustration By Diane Bartz and Greg Roumeliotis (Reuters) – A U.S. district judge is expected to rule in favor of allowing Sprint (N:) and T-Mobile (O:) to merge, overRead More →
MILAN (Reuters) – Mediaset (MI:) will submit revised plans to merge its Italian and Spanish broadcasting units (MC:) under a Dutch entity to authorities in the Netherlands, securing a six-month extension to complete the project, two sources familiar with the matter said. The extension could help the group deal withRead More →
© Reuters. A smartphones with Sprint logo are seen in front of a screen projection of T-mobile logo, in this picture illustration By Arriana McLymore and Sheila Dang NEW YORK (Reuters) – U.S. wireless carriers T-Mobile US Inc (O:) and Sprint Corp (N:) are expected to urge a federal judgeRead More →
We’ve been writing about Business Development Companies for many years. Our first focused article on Goldman Sachs BDC was published in early 2018. Many changes have occurred in the BDC market since, including relaxed asset coverage ratios and new entrants by institutional players including Bain Capital Specialty Finance (BCSF) andRead More →
Fiat Chrysler Automobiles NV and Peugeot SA have signed a binding agreement to move forward with their $50 billion tie up, the two companies said Wednesday. The Wall Street Journal reported Tuesday that Peugeot’s UG, +2.31% board backed a binding merger agreement with Fiat Chrysler FCA, +0.79% FCAU, +1.52%. TheRead More →
2019 Was Good for Mergers; 2020 Will Be a Lot Better 2019 is the sixth best year in the last 20 for M&A. I can only reflect that to my mind the pace is accelerating, and that has been the inspiration for this set of articles. I expect that 2020Read More →
This article explains the reasons behind the movement in a selection of the largest U.S. cash merger arbitrage spreads from the past week as calculated by Merger Arbitrage Limited. We analyze the attractiveness and profitability of each spread going forward and indicate the trading position or action we have takenRead More →
(Reuters) – CBS Corp (NYSE:) and Viacom Inc completed their merger on Wednesday, reuniting media mogul Sumner Redstone’s U.S. entertainment empire. The combined entity, ViacomCBS Inc , is controlled by National Amusements Inc, the holding company owned by billionaire Sumner Redstone and his daughter, Shari. The third attempt at aRead More →
Getty Images/iStockphoto Get ready for the cross-sell if a Schwab-TD Ameritrade merger happens, some say. If Charles Schwab Corp. acquires TD Ameritrade Holdings, that’s one less discount brokerage firm to choose from — and, experts say, one more reminder that consolidation can have consequences for average investors. Schwab SCHW, +0.35%Read More →
© Reuters. Logo of Line Corp is seen at the company’s headquarters in Tokyo TOKYO (Reuters) – SoftBank’s Yahoo (NASDAQ:) Japan, one of Japan’s top internet firms, confirmed it is in talks to merge with Line Corp (T:), a $27 billion union that would bring the messaging app operator underRead More →
MILAN (Reuters) – Fiat Chrysler (MI:) and Peugeot owner PSA (PA:) aim to sign a final merger agreement as early as the beginning of next month, a source familiar with the matter said on Saturday. The two automakers said earlier this week they planned to join forces in a 50-50Read More →
The megamerger is really happening. Expect the new Gannett (NYSE:GCI) – the brand that will survive that chain’s acquisition by GateHouse Media (NYSE:NEWM) – to officially take wobbly flight soon, perhaps around Thanksgiving. Both companies, the country’s No. 1 and No. 2 newspaper publishers, say it’s full speed ahead. IndependentRead More →
Merger activity increased last week with five new deals announced and five deals closing. Deal Statistics: Total Number of Deals Closed in 2019 144 Total Number of Deals Not Completed in 2019 9 Total Number of Pending Deals Cash Deals 42 Stock Deals 18 Stock & Cash Deals 10 SpecialRead More →
Editor’s note: Seeking Alpha is proud to welcome Altimetry as a new contributor. It’s easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA PREMIUM. Click here to find out more » Many M&A deals suffer fromRead More →
© Reuters. FILE PHOTO: A smartphones with Sprint logo are seen in front of a screen projection of T-mobile logo, in this picture illustration WASHINGTON (Reuters) – Pennsylvania is joining more than a dozen states that have filed a lawsuit aimed at stopping T-Mobile US’s $26 billion purchase of Sprint,Read More →
Apple Inc. and the Walt Disney Co. could have merged had Steve Jobs not died, Disney Chief Executive Bob Iger believes. Vanity Fair on Wednesday published an excerpt from Iger’s upcoming autobiography, in which he detailed his close relationship with Jobs, who died of cancer in 2011. It was thatRead More →
This article explains the reasons behind the movement in a selection of the largest U.S. cash merger arbitrage spreads from the past week as calculated by Merger Arbitrage Limited. We analyze the attractiveness and profitability of each spread going forward and indicate the trading position or action we have takenRead More →
© Reuters. Chairman Ajit Pai speaks ahead of the vote on the repeal of so called net neutrality rules at the Federal Communications Commission in Washington By David Shepardson WASHINGTON (Reuters) – Federal Communications Commission chairman Ajit Pai on Friday sought approval from his colleagues to order the go aheadRead More →
© Reuters. Philip Morris International’s research and development headquarters are pictured next to the company’s cigarette factory in Neuchatel By Uday Sampath Kumar (Reuters) – Philip Morris International Inc (N:) and Altria Group Inc (N:) are discussing an all-stock merger, potentially reuniting two of the world’s largest tobacco companies inRead More →
By Chris Quigley Upjohn manufactures older brands like Lipitor and Viagra, while Mylan (MYL) is best know for making generic drugs and for its EpiPen. Pfizer (PFE) shareholders will end up owning 57% of the combined entity. After the spinoff, Upjohn will make a $12 billion payment to Pfizer. AnalystsRead More →
The T-Mobile-Sprint merger announcement has created a golden opportunity for Dish to monetize its idle spectrum assets and shift from a declining pay-TV business model to a major wireless network player. Though the deal terms look lucrative for Dish, a lot depends on how it finances the network build-out andRead More →
© Reuters. A smartphones with Sprint logo are seen in front of a screen projection of T-mobile logo, in this picture illustration (Reuters) – An attorney for a group of 13 state attorneys general who filed a lawsuit in hopes of stopping T-Mobile U.S. Inc’s (O:) $26 billion merger withRead More →
WASHINGTON (Reuters) – An attorney for the state attorneys general who filed a lawsuit in hopes of stopping T-Mobile’s $26 billion merger with Sprint told the judge on Monday that an Oct. 7 trial may not be possible. In a letter to Judge Victor Marrero on Monday, attorney Glenn PomerantzRead More →
